A growing number of homeowners are doing what was once unthinkable – strategically walking away from mortgages, and the trend is showing huge signs of increasing with the approval of academia. A consulting company working for financial institutions, Oliver Wyman estimates that 16% of current foreclosures are of mortgage borrowers intentionally walking away, choosing to… Continue reading Huge Rise in Walkaways
Category: California
California housing market
Markets on the Mend in Time for Christmas
By Kevin Chiu It’s the season of comfort and joy, Christmas trees and Santa Claus flying down the chimney. All of us wish for World Peace. We hope for a New Year that will be better than 2009 when the World’s financial system nearly blew up on Wall Street. In the face of all the… Continue reading Markets on the Mend in Time for Christmas
Housing Shows Stabilization
By Mike Colpitts More than four years after beginning its downturn, many housing markets are stabilizing. Stabilization is key and the first step in the recovery process as markets settle from the worst housing crash since the Great Depression. The long-running housing depression is far from over, but there are more indications that stabilization is… Continue reading Housing Shows Stabilization
Revolt May Start in California
By Kevin Chiu The first major move to pressure bankers to modify home mortgages may be developing in California. The action, planned for a vote next week, could be the most significant move yet to force bankers to take responsibility for millions of bad mortgages they issued to homeowners. The movement could signal a revolt… Continue reading Revolt May Start in California
New Record in Foreclosures Set
The foreclosure epidemic reached a new milestone in July setting another record, according to the RealtyTrac monthly report. Foreclosure filings were reported on 360,149 properties nationwide, rising 32% from one year ago. “July marks the third time in the last five months where we’ve seen a new record set for foreclosure activity,” said James J.… Continue reading New Record in Foreclosures Set
2018 California Housing Market And Real Estate Predictions
California’s housing market is booming and shows no signs of slowing down. Instead, the supply remains limited while the demand continues to grow. The question remains, will there be a burst bubble any time soon? Will prices fall? What about the tax reform bill that was signed and passed? Influencing Factors of the 2018 California… Continue reading 2018 California Housing Market And Real Estate Predictions
Discover the Best Real Estate Markets for Investing in 2017
After some considerable ups and downs (especially in the aftermath of the 2008 economic fall), the markets around the country are recovered and growing. This previous list of the best real estate markets (which we shared with you some time ago) highlighted the best housing markets through 2016. Readers could then get a better sense of what… Continue reading Discover the Best Real Estate Markets for Investing in 2017
2016 California Housing Market Predictions
The California Housing Market had a pretty solid year in 2015. Compared to 2014 prices were up nearly 7% and sales were up 8.1%. Unfortunately, the 2016 housing market looks to limp forward in comparison. Economists forecast that price increases will slow down, which is good seeing that home costs in the state have made… Continue reading 2016 California Housing Market Predictions
2015 California Housing Market Predictions
The California housing market has been strong this year. And experts seem to agree that the state’s positive 2015 Housing Market will not only carry over into the new year, but will be even stronger. Realtors expect home sales to increase by nearly 26,000 closings. If this holds out to be true that translates to… Continue reading 2015 California Housing Market Predictions
2014 California Housing Market
The 2014 California housing market will follow the national trend of slow recovery: according to the California Association of Realtors (CAR), sales numbers may take a slight dive. These experts predict housing prices will do the exact opposite. Rising prices will lead to a sensible growth in 2015. For the time being, these experts advise… Continue reading 2014 California Housing Market